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Tuesday morning Bitcoin and Ethereum strategy update:
Don't let short-term fluctuations disrupt your rhythm; long-term conviction will eventually pay off. Bitcoin hit a low of 70370 today and rallied to a high of 71080 this morning. Ethereum reached a high of 2179 last night, then oscillated down to a low of 2127 this morning.
From current market observations, on the daily timeframe, the previous downtrend hasn't completely reversed yet, with the Bollinger Band upper band still serving as significant resistance. Multiple previous attempts to break above have shown strong selling pressure. While this rebound has some momentum, the upside space is relatively limited, and the continuation of the uptrend still needs further confirmation. Price has entered a phase high zone, requiring vigilance against pullback risks triggered by overbought conditions. Looking at the 4-hour level, the price action has been continuously rising with positive candles, and short-term bulls are in control. However, after price touched the Bollinger Band upper band, selling pressure became significant with no effective breakthrough yet. The Bollinger Band hasn't fully expanded, with the overall pattern remaining range-bound strength, upper band resistance remains effective, and short-term pullbacks and consolidation are likely after rallies. Therefore, early session strategy remains primarily shorting at highs.
Today's early trading recommendations:
Bitcoin short around 71500, target 69500
Ethereum short around 2160, target 2100
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